Development of the Bulgarian and European Economies – Challenges and Opportunities
“ST. CYRIL AND ST. METHODIUS” UNIVERSITY OF VELIKO TARNOVO - UNIVERSITY PRESS
All Journals Development of the Bulgarian and European Economies – Challenges and Opportunities (2019) Vol 3 Issue 1 Article 15

Trends in Development of Reserves of Foreign Exchange and Gold of the Monetary Council in Bulgaria


Authors:
Sergey Radukanov St. Cyril and St. Methodius University of Veliko Tarnovo

Pages: 94-98

Abstract:

The content of the Gold and Foreign Exchange Reserves of the country is highlighted in this research work. Their dynamics and structure is analyzed for the period from 2007 to 2018. It is arrived at a conclusion that the Board’s liquidity is increased. For the considered period the Monetary Base and Fiscal Reserve backed by the gold and foreign exchange reserves is examined as well. There is an over-coverage of the Monetary Base and Fiscal Reserve, which is a guarantee for covering the internal and foreign liabilities of the country. The Currency Board as a specific monetary system successfully fulfills its role in the conditions of global economic and political insecurity.

Keywords:

Currency Board, Gold and Foreign Exchange Reserves, Monetary base.

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Trends in Development of Reserves of Foreign Exchange and Gold of the Monetary Council in Bulgaria

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